IBM's closing price on 29 September was $214bn (£137.4bn) while Microsoft's was a shade behind at $213.2bn (£136.8bn). [...] The growth means IBM is now the second largest technology company by market value. Apple still holds the top slot with a value of $362bn (£232bn).
And I couldn't agree more with what Ted Schadler, analyst at Forrester Research says: "IBM went beyond technology, they were early to recognise that computing was moving way beyond these boxes on our desks."